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The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
- 08:41"Solana version of MicroStrategy," Sol Strategies, has seen a stock price increase of over 1700% since its renamingOdaily Planet Daily reports that Cypherpunk Holdings, headquartered in Toronto, has been renamed Sol Strategies since September 2024. Since its debut, the company's stock price has risen by more than 1700%. It is reported that the holding company has acquired two independent validator businesses and holds over 142,000 SOLs valued at approximately $27 million at current prices. The company previously hired a former senior engineering director from CEX as its staking supervisor and applied for listing on NASDAQ. This week, the company signed a credit agreement with the chairman of the board to purchase SOL tokens worth $17.3 million and announced a private placement agreement worth about $19 million with ParaFi Capital. The CEO of the company Leah Wald previously stated that compared to MicroStrategy, Sol Strategies also operates validator businesses and invests in Solana ecosystem projects which makes their approach "more dynamic".
- 08:34Data: BGB has broken through $7.1, with a 24-hour increase of 10.55%According to Bitget market data, BGB has broken through $7.1 and is now reported at $7.18, with a 24-hour increase of 10.55%.
- 08:31Data: The circulation of USDC has increased by about 1 billion in the past 7 daysPANews reported on January 11th, according to official data, within the seven days up to January 9th, Circle issued approximately 3.7 billion USDC and redeemed about 2.7 billion USDC, increasing the circulation by about 1 billion. The total circulation of USDC is around 45.3 billion, with reserves of approximately $45.5 billion USD; this includes roughly $5.2 billion in cash and an estimated $40.3 billion held in the Circle Reserve Fund.